topic Re: Secured CC question in Rebuilding Your Credit

Secured CC question

Anonymous — Fri, 22 Apr 2016 22:28:06 GMT

I am thinking of opening a secured credit card through opensky. I am looking at starting with $300-500.

Has anyone put more of a deposit down a few months later and had another credit score boost from having a credit limit increased?

Also does anyone know of any other secured credit cards with NO CREDIT checks that graduate to unsecured?

Thanks for your help!

Re: Secured CC question

Anonymous — Fri, 22 Apr 2016 22:54:43 GMT

I don't know of any other cards with no credit pulls. You might be better served by cleaning up your reports if they are keeping you from getting any secured cards. Have you tried Capitol One?

Re: Secured CC question

TXinandout — Fri, 22 Apr 2016 23:14:02 GMT

Primor is a soft pull.

Re: Secured CC question

Anonymous — Fri, 22 Apr 2016 23:42:35 GMT

I am looking to buy a house this summer hopefully. I can't have any hard pulls right now. I need one to two more credit cards though to show more payment history.

Re: Secured CC question

Anonymous — Fri, 22 Apr 2016 23:47:28 GMT

@TXinandout wrote:
Primor is a soft pull.

Thanks!

Do you know if this card will graduate to unsecured at some point?

Re: Secured CC question

Anonymous — Mon, 25 Apr 2016 21:09:18 GMT

@Anonymous wrote:
I am looking to buy a house this summer hopefully. I can't have any hard pulls right now. I need one to two more credit cards though to show more payment history.

What do you currently have for open accounts?

More is not always better... You could end up lowering your scores with new accounts. A lender will certainly see recent accounts as well as any hard pulls, so you're not really "hiding" anything with this strategy.

Re: Secured CC question

Anonymous — Mon, 25 Apr 2016 21:59:58 GMT

I have a chase with a 12.5 credit line.

The mortgage comapany told me I need more revolving but if I want a house this summer I can't have any hard pulls.

Re: Secured CC question

TXinandout — Mon, 25 Apr 2016 22:20:42 GMT

chris04, the card won't graduate.

Re: Secured CC question

surferchris — Tue, 26 Apr 2016 00:07:08 GMT

You might check FHA loans, as the underwriter might accept alternative credit (cell phone history, etc). Hope this helps.

Re: Secured CC question

Anonymous — Tue, 26 Apr 2016 02:51:45 GMT

@Anonymous wrote:
I have a chase with a 12.5 credit line.

The mortgage comapany told me I need more revolving but if I want a house this summer I can't have any hard pulls.

That just does not make any sense. I would check with another mortgage broker.

Re: Secured CC question

Anonymous — Tue, 26 Apr 2016 14:24:30 GMT

Primor does not pull at all. And no it will never graduate to an unsecured. I have one for the last 14 months. Love it. I have a $300 limit, and have been using it and paying it off every month. My CK scores started in the low 500s. Now as of today Im 654 on CK. My Fico is the same 654. It was worth it to get this card, and they have long since setup a separate site where you can pay the payments to for the CC, that doesnt take 2 weeks to clear or apply back to your limit. That was the common complaint on the forums was that payments and credits took weeks to be applied. No more. I make a payment before 5pm est, and its applied the next day. Ask if you have any more questions on the primor card.

Re: Secured CC question

Anonymous — Tue, 26 Apr 2016 14:45:19 GMT

As others have said, I'm unsure of any secured cards that you can get without a HP, but that graduate.

Alternatively you could try to shopping cart trick for something like Overstock.com.

If you get the pop up, it'll ask for your full SSN, but it's a soft pull. At least it was for me. '

Good luck